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SFGTV2
Oct 3, 2012 8:30am PDT
the governments and the companies between the two sides. as the largest economy in the u.s., california boasts the resources and a strong advantage in high tech, bio-science, agriculture, fisheries, and the forestry, and even tourism. and in terms of cooperation with china, california enjoys exceptional economic, cultural, and geographical locations and advantages. it is always is the gateway of the united states to china. as the economic and trade cooperation between china and the united states and california deepens, now we believe that trade and investment keeps growing. china is the third largest export destination for california. many multinationals like hp, intel, cisco, and chevron are doing well in china. they're making money in china. at the same time, as the close relationship is going on, many chinese companies are working in san francisco in california. i would like to name a few. the tsl, ciuts, just to name a few. these are successful chinese companies working here. as the american companies in china, the chinese companies working in california in san francisco are also making co
PBS
Oct 2, 2012 5:00pm PDT
and u.s. technology giants have been fighting each other in the courts over technology for smartphones and other mobile devices. the people at samsung say they added iphone 5, apple's iphone 5 to a patent infringement lawsuit. samsung alleges the latest smartphone violates eight of its patents. the claim targets technologies for displays data and storing photos. lawyers for samsung say they will exclude patents on the high speed wireless communications protocol known as lte. samsung has an edge in this technology. samsung received a green light from a u.s. district court in california in another case. the company can resume sales of its tablet device the galaxy 10.1 in the u.s. market. the court decided in june to temporarily ban sales. it lifted the injunction after a separate lawsuit in august found this particular tablet did not infringe on apple patents. >>> in other news ahmadinejad blamed the enemies of iran for the fall of its currency. u.s. and european leaders imposed sanctions in july to encourage them to abandon the nuclear missions. >> translator: sanctions are used as a ps
CBS
Oct 2, 2012 5:30pm PDT
on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in spain, unemployment among young people is 50%. mark phillips went to barcelona to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to where they dump the trash and you get a different impression. in spain these days, one person's gar
CBS
Oct 3, 2012 4:00am PDT
questions about security at the u.s. consulate in benghazi and whether the death of ambassador chris stevens and three others could have been prevented. >>> bullying backlash. a television anchor responds to a viewer who criticizes her for being overweight. >> attacks like this are not okay. >> this is the "cbs morning news" for wednesday, october 3, 2012. good morning. good to be with you. i'm terrell brown. round one tonight. this evening president obama and mitt romney face off in the first of three scheduled debates. the topic tonight in denver domestic affairs including the economy, health care reform and immigration and the clock is ticking. the election is less than five weeks away and the stakes are high. susan mcginnis is in washington. good morning to you? >> reporter: first debates get the most attention of all of them and the first 30 minutes are said to be the most important. president obama needs to hold on to the momentum he's built. mitt romney needs to turn the entire race around with tens of millions of people watching tonight. the stage is built. the cameras are in place.
CSPAN
Oct 3, 2012 5:00pm EDT
necessarily lead to an increase in the importance of emissions of the navy and air force. the success of the u.s. and persian gulf war, the first persian gulf war the experience shock at the synergistic way in which the u.s.-led coalition spectacularly applied technology to the modern warfare. the fourth key driver has been the incredible development of the chinese economy that has allowed for and paid for the more than sevenfold increase in the chinese defense spending over the two decades. so, the pla today is a force that continues to emphasize its traditions, but also it has new ones. as we know, president hu jintao has talked about the historic missions which both reiterate the old and talk about the role of the global setting. the only part of which applies to the land forces as they've been increasingly participants in the u.n. peacekeeping operations. there's been some important developments in technology for the ground forces, particularly the two most important are the and provide in the tactical ability of the pla land force which is to say we now think there are less than five divisi
CNBC
Oct 3, 2012 4:00am EDT
still for the u.s. dollar. the trade for the australian dollar has been down since then. so it seems as though that might be a little bit broken. dollar-yen rates fairly stable for a couple days, but still we are seeing story up and down a tenth of a percent. euro/dollar -- 129 and a quarter is the handle. the golden week holiday has been impacting liquidity, although some people really take you off for some of those beach destinations. >> really a lackluster day of trade. the hang seng came back from holidays, to end marginally in the green. strength in defensive telecoms were partially offset due to falling oil prices. over in japan, the nikkei heat a three-week low as investors remained cautious ahead of the boj and ecb meetings, but the retailer rallied, because annual group sales could top nearly $1 billion. if so, it would be the first japanese retailer to ever reach that scale. over in australia, the asx 200 edged up to a 14-month high. minors slumped following a short rise in the trait deficit. india now higher by .2%. >> up next, uk drinks maker have been given an extinction
KCSMMHZ
Oct 3, 2012 2:30pm PDT
a series of car bombs target government forces in aleppo. >> the u.s. revs up what europe stalls. -- while europe's tallest. captioned by the national captioning institute --www.ncicap.org-- it is the day the people of germany celebrate the unity. 22 years ago, east and west reunited with the blessing of their european neighbors. now there has been a pill to draw the right lessons in the crisis europe faces. >> the president of the parliament says his country must strive for greater unity in europe and he warned against perverting -- reverting to old national rivalries as the weaker members of the eurozone struggle. >> the speech in munich is the center of the celebration. >> the ceremony began with music from richard strauss's opera. more than 1500 people attended the ceremony, including germany's top political leaders. the bavarian state premier compared the process of german unification to that of creating a united europe. then he gave the keynote address. >> we are german europeans. we must devote to the nfl -- unification of europe the same effort we made in german unification. he add
CBS
Oct 3, 2012 6:00pm EDT
mentioned, the fact checker here at u.s.a. today will be looking at this debate and figuring out who is telling you the absolute truth about that they believe and what they are saying about your debate. also, as we said, 11:00, we wrap up the entire thing on 9news. back to you in the studio. >> we'll be watching on air and online, derek. thank you. >>> ten years ago tonight, we were struggling to come to terms with what happened earlier in the day. four people shot out of nowhere killed in montgomery county and before the day was over, a fifth would die standing on a street corner in the district. it was really the first day of the terror that would grip this region for three straight weeks. as john allen mohommed and john malvo went on a shooting spree. they were caught at a rest stop off i-70 in meyersville, maryland. that's where police gathered a will lot of their evidence for their conviction. >> i'm scott broom in prince georges county where ten years after the sniper attacks, the archives and the evidence have been handed over to cure tores tures. there sits that 1990 capri
PBS
Oct 2, 2012 5:30pm PDT
heel state. >> ifill: then margaret warner updates the investigation into the assault on the u.s. consulate in libya. >> woodruff: we look at new findings showing australia's great barrier reef has lost half its coral in the last 27 years. >> ifill: and we close with snapshots of three of this year's macarthur genius award winners, each with a unique view of war. >> people tend to look at the military, they tend to look at war and they tend to look at conflict as something very black and white. it's not like that at all. >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: creating new enriching experiences. through intel's philosophy of "invest you for the future" we're helping bring these new capabilities to market. we're investing billions of dollars in r&d around the globe to have the heart of tomorrow's innovations. by investing today in technologicalled advances here at intel, we can help make a better tomorrow. >> a by e bi andelinda gates foundation. dedicated to the idea that all people deserve the chance to live a he
NBC
Oct 3, 2012 12:00pm EDT
to be the final resting place of jimm >> the u.s. border patrol agent is dead near the mexican border in arizona. federal officials said the engine was part of a group that came under fire while investigating a center triggered an area used for narcotics trafficking. no suspects have been taken into custody. a big dig for the jimmy hoffa remains turned out to be a big bust. it was in a backyard near detroit and they dug up the concrete floor of a shed acting on a tip. they took soil samples -- samples and took them off and the samples revealed no trace of human remains. still to come, patients who undergo cancer treatment often lose their hair and can take a serious toll on their self esteem. how to get through the tough time. >> what a big range of temperatures right now where we have 70 + up to our north, 80's toward the shore. we will have details on what is causing this and when the rain will be gone. this is a live look at ocean city. 78 in ocean city. >> a snack company issues a recall for its popcorn amid growing concerns of wisteria contamination. the popcorn is voluntarily recalling its
PBS
Oct 2, 2012 6:30pm PDT
. >> many ordinary iranians are packing and converting it safely into u.s. dollars. the crisis is being blamed on international sanctions choking off iranian oil exports. critics of the government limit for economic mismanagement. >> president's mahmoud ahmadinejad has been defending his record, saying iran will define -- defy the enemies behind the sanctions. >> the iranian currency has fallen to a record low, losing two-thirds of its value since sanctions were imposed because of their nuclear program. just last week, it's fallen almost a third against the u.s. dollar. many air changing their savings into hard currency. mahmoud ahmadinejad says the country will ride out the sanctions and blames the country's enemies for the collapse of the currency. >> they have managed to reduce the part of our oil sales, but hopefully we will compensate for this. this is a battle. the enemy thinks it can crush the iranian nation with its pressure. >> iranians have lost a great deal of buying power. inflation is around 25%. meat and milk are becoming increasingly expensive while vegetables of doubled
CBS
Oct 3, 2012 5:00pm EDT
. there is a new u.s.a. poll out today. they asked the voters who do you think will win this debate regardless of who you support? 57% said president obama would probably win. 33% said mitt romney was likely the better debater. susan page says this debate has a lot of power. >> 80% of americans say their mind is made up, they aren't going to change their vote, but 21% of registered voters said they could change their mind. >> you just heard it. the significant group of voters could be persuadeable as is described. channel 9 is your go-to station. 9news is teaming up with our sister newspaper to fact check with the candidates say. so make sure you stay tuned to channel 9, watch the debate and get started at 9:00 and meantime, you can log on to wusa9.com for the live, as it happens fact checking at the very same time. and then watch us, 9news now at 11:00 for the most comprehensive accurate debate out there. we'll bring you nothing but the facts. much more from u.s.a. today headquarters coming your way later on. now back to lesli and anita in the studio. >> a busy and exciting night ahead. th
CBS
Oct 3, 2012 6:30pm EDT
clinton promised a full and open investigation into the terror attack on the u.s. consulate in benghazi, libya, three weeks ago. four americans, you'll recall, were killed, including ambassador chris stevens. there are a lot of questions about what happened. margaret brennan has been following this story and she's at the start tonight. margaret? >> reporter: good evening, scott. the cretary of state reacted to pressure from the public, the press, and the house oversight committee to address the controversy around the administration's response to that attack on the u.s. consulate in benghazi. were there multiple requests for increased security in tripoli and benghazi and can you address whether washington or your office rejected those requests? >> well, let me start by cautioning everyone against seizing on any single statement or piece of information to draw a final conclusion. over the course of this review there will naturally be a number of statements made, some of which will be borne out and some of which will not. >> reporter: clinton and her aides have consistently pointed to inte
CSPAN
Oct 3, 2012 7:00am EDT
will be able to obtain records prior to an inspection, and fda can refuse drugs to the u.s. which were manufacturing for the substance that delayed, denied, limited or refused fda inspection. fda also now has the authority to put in place new processes to allow for the destruction of small mail packages of illegal drugs, which will deter purchases from illegal foreign internet pharmacies. under fdasia, communications with foreign regulatory agencies will improve. the definition of good manufacturing practices is more explicit, including quality systems and risk management. and registration of commercial importers is required. importantly, fdasia also requires notification to fda if a drug is stolen or counterfeited or if the use of the drug may result in serious injury or death. additionally as you've already heard, most likely for my colleagues who spoke earlier, fdasia provides for hands criminal penalties for counterfeiting and makes explicit fda's extraterritorial jurisdiction. counterfeit unadulterated medical products are not new problems, but we do have to address them in some n
KCSMMHZ
Oct 3, 2012 6:00am PDT
is upping the ante in its ongoing legal war with apple. the south korean and u.s. technology giants have been fighting each other in the courts over technology for smartphones and other mobile devices. now the people at samsung say they've added apple's iphone5 to a patent infringement lawsuit in the united states. nhk world has more. >> reporter: samsung alleges apple's latest smartphone violates eight patents. it targets technologies for installing photos. the two firms have been fighting similar trials in ten countries including in japan. samsung received the green light on monday from a u.s. district court in california in another case. the company can resume sales of its tablet device, the galaxy tab 10.1 in the u.s. market. the court decided in june to temporarily ban sales, but apple has dominated the legal battle so far winning $1 billion compensation in a u.s. court. its lawyers are keeping up the pressure. apple added four new samsung models to a list of products it says infringe apple's patents. this man is an expert on smartphone industries. he warns if the legal fit drags co
CNBC
Oct 3, 2012 5:00pm EDT
to run a business. in january of 2011 one u.s. dollar cost 10,000 rials. one week ago 24,000 rials. there is a massive shortage of dollars in iran because they can't sell the oil due to the tough economic sanctions. there are few banks in the world willing to handle their financial transactions. that lack of dollars means massive inflation, one of the chief reasons why governments fall. >> and brian, you were weighing in saying it is not just what is going on in iran but layer in the tensions between syria and turkey and that puts another level into the mix. >> the reason why this is important to a u.s. investor is because it has to do with oil. it is clear that the u.s. and saudi arabia have this plan of pumping as much oil as they can and it is starting to watch. now you have to think what happens if there is a regime change. so as a u.s. investor that is great for the u.s. economy. that is great for u.s. stocks. what has to happen in the u.s. market is oil has always been this traditional leading indicator in the economy. if oil is up that means there is lots of demand and that
FOX
Oct 2, 2012 5:00pm PDT
on felony kidnapping and child molestation charges related to the september incident in san mateo. >>> u.s. postal police and the marin sheriff department are investigating the flurry of mail thefts. personal checks, credit cards and sensitive financial information may have been taken. the postal service says there's a $10,000 reward for information leading to the arrest and conviction of the mail thief. mail theft is a federal crime it's punishable with up to 10 years in prison. >>> new details on the derailment of an amtrak train. investigators identified the driver of the big rig that the train crashed into. investigators say that they are looking to see if the truck malfunctioned or if medina was impaired. 40 people were hurt in all. the tracks reopened this morning. >>> google subsidiary motorola has quietly dropped lawsuit claims against apple. motorola filed the claim. google and apple are in talks to resolve their long running dispute over smart phone patents. >>> a federal judge today lifted a ban of samsung tablets. the jury there ordered samsung to pay apple more than $1 million
FOX Business
Oct 3, 2012 3:00pm EDT
is the result of a stronger u.s. dollar which we had at play as well so energy prices i tory as far as commodity prices and continued to be in the evening session. ashley: ge invested $22 million in a company last year that hopes to become the apple of the prefabricated building industry. how they plan to build their way to the top? joining us in a fox business exclusive, project fraud ceo, and in 2006, what exactly does project fraud stand for? >> stands for the new way of building. we provide components for commercial construction. the result is highly functional energy efficient buildings that the superfast. ashley: you were at bp for 20 years. what made you jump out of that and say i want to build containers? >> for us it was we build permanent buildings. they are not containers. they stand a test of time and are esthetically beautiful. they have a wonderful experience for 20 years understanding the energy supply chain working on renewables and it felt right to apply it to the environment which contributes 40% of emissions. ashley: how has it gone since early days? >> it has been a great les
FOX News
Oct 3, 2012 8:00am PDT
in the murders of four americans at the u.s. consulate in libya. government sources now saying within hours of thatattan station received about a dozen intelligence reports suggesting that militants connected to al qaeda were involved in that attack. now despite those reports, top u.s. intelligence officials spent nearly two weeks claiming the attack was spontaneous while playing down the involvement of militant groups. ambassador john bolton is former u.s. ambassador to the u.n. and fox news contributor. big picture here. what do you think the cost is to the united states on the world stage that we're continuing to discuss this infighting who knew what when and not going out and getting the people that committed this act? >> well, i think it shows that there's desorganization within the state department, within the administration, about exactly what happened and i think that is a signal of vulnerability potentially at other embassies in the middle east or around the world. i think the consequence we need most here we need to find the people who actually perpetrated the attack and either el
FOX Business
Oct 3, 2012 11:00am EDT
-mobile usa and metro pcs are going to combine and create the value leader in u.s. wireless marketplace. so there you have it. 12.74. the dow and nasdaq and s&p right now all with up arrows. we are seeing the dollar stronger today. spain saying they don't need a bailout today. of course i always continue to watch those european headlines. bank stocks retail drugs and the transports all have up arrows. dagen and connell? dagen: thank you nicole. connell: finally tonight is the night. president obama and mitt romney will square off in their first presidential debate. dagen: peter barnes is in denver where the opponents will go toe-to-toe. hey peter. peter: hey dagen and connell. listen, mitt romney hopes these depates will help -- debates will help him overtake president obama and pull ahead here and use these debates to try to close the race with the american people. the new poll shows the race tightening, 49% for obama, 46% for romney, among likely voters, within the margin of error. there's a lot of debate over whether these debates can make a difference in these elections. looking in hist
FOX Business
Oct 3, 2012 5:00pm EDT
is skyrocketing and the iranian real is plummeting to record lows against the u.s. dollar. supplies of basic goods are running short. so could iran's own economy and not the u.s. or israel be the thing that brings the iranian regime to its knees? joining me now on this are fox news mid-east analyst, co-chair of mitt romney's mid-east advisory group and author of, the coming revolution, walid phares. a lot of titles there. we have the vice president of foreign defense policies studies at the american enterprise institute. thanks to both of now for joining us. these are dramatic pictures and dramatic events. as i'm reading about this, i'm reading about tear gas being used against demonstrators setting fire to tires. there there is all kinds of reports what is going on right now in iran. i mean is this the beginning of something big? walid, what do you think? >> well, yes that is the next wave we've been waiting for. remember in 2009 there was a massive demonstration of about 1.5 to two million iranians. mostly youth. but that was a political reason. now because of an economic reason. it is very seri
PBS
Oct 2, 2012 7:00pm PDT
for the markets. here in the u.s., the dow lost almost 33, the nasdaq gained 6.5, and not much change for the s&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, both mitt romney and barack obama want to put more americans back to work. but is job training the right answer? we'll take a look. >> tom: six months before the credit crunch hit full force, j.p. morgan bought failing investment bank bear stearns. that was in 2007. now, j.p. morgan faces a lawsuit, claiming it inherited massive fraud on the part of the company it purchased. the civil lawsuit alleges systemic fraud with the packaging and sale of mortgage- backed securities by bear stearns before it was taken over by j.p. morgan. the bank says it intends to fight the case. eric schneiderman is the attorney general of new york. >> eric, you represent the people of new york state. what did your citizens lose in the deals thaw are accused of being fraudulent? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on w
ABC
Oct 3, 2012 6:00am EDT
york city for today's tech bytes. >>reporter: in today's tech bytes, samsung wins a round, a u.s. judge lifted a temporary ban on sales of the galaxy tab 10.1 tablet. in the u.s. apple is still seeking a permanent ban burks this will allow samsung to sell the 10.1 for the holidays. meanwhile, samsung is still the leader in the u.s. smart phone market, but apple is quickly catching up. samsung's market share in august stayed flat while apple posted some big gains. blackberry and windows are continuing, though, to lose ground. in a few years the printed textbook may be as outdated as flash cards. education secretary arnee duncan says the u.s. should move away from the hard copy text as soon as possible. he says it's necessary if the u.s. wants to keep up with other countries. and high tech gloves mean you won't have to go bare handed to use a smart phone outdoors this winter. the glove has a speaker and microphone built in. both gloves have a special material that works with a touch screen. those are your tech bytes. i'm rob nelson. >>> you're looking at a live picture right now o
NBC
Oct 3, 2012 4:30am PDT
if it was justified or not. >>> 4:35, oakland is the first u.s. city to offer combination government i.d.s and bank cards to all citizens regardless of immigration status. all oakland residents who can prove their identity can get a card. what makes the i.d. unique, the debit card function allows them to avoid check cashing fees. city leaders say the program will take 60 to 90 days to roll out. the price will be a one-time fee of $10 for citizens. rich land is now considering a similar program. >>> there are new charges against a man accused of trying to abduct a girl from an elementary school. he was charged with 18 new counts yesterday. police say he hid in a daily city elementary school bathroom in march and tried to take pictures four different girls. a teacher who confronted the man identified him to police. he was later arrested last month for alley trying to kidnap a girl from an elementary school. he will be in court on october 10th. >>> no sign of a missing san jose man last seen two weeks ago leaving his friend's home on his harley davidson. praying last night for garcia's safe return hom
CBS
Oct 3, 2012 12:00pm PDT
responders and the u.s. military to train for a major disaster. >> today is really the culmination of months and months of training with the san francisco department of emergency management and the city and county of san francisco. >> reporter: this landing craft air cushion traveled up from camp pendleton on the u.s. macon island an amphibious assault ship sitting about eight miles offshore. both are capablof transporting everything from food and water to weapons of war. the marine set up a mobile hospital to test if it's ever needed an important exercise. >> it's one that i personally felt was necessary to do to practice not only the landing of an amphibious craft here but the understanding of the kind of help that we could get should our major arteries be clogged. >> reporter: fleet week is just one of many big events going on in san francisco this weekend. there's america's cup racing, the castro street fair, hardly strictly bluegrass at golden gate park, plus giants play-off baseball and the 49ers are playing at candlestick. hundreds of thousands of people will be converging on san fran
LINKTV
Oct 2, 2012 7:30pm PDT
) i was lucky enough to get the only film of the enemy fighting against u.s. forces taken during the whole war. here's one of them. here's a squad of them. (norm hatch) i'm proud to say that that film of mine has been used probably in every film on the pacific made. (dramatic music playing) i'd like to know where the rest of the squad went. what's this? (machine gun firing) whatever it is, it ain't healthy! let's get outta here! (thomas doherty) because so many americans knew the second world war not in a full combat experience -- they'd certainly seen newsreels and combat reports of the time. that was a close one! they would no longer accept a backlot rendering of the war. so there is a movement toward what you'd call verisimilitude in the post-war era. (thomas doherty) these films often incorporate some newsreel footage. (gunfire and explosions) (leonard fribourg) i received orders to report to the studios. they'd made arrangements with the marine corps to get all the footage out here that they could look at that had been taken during combat in world war ii. we watched the film
FOX
Oct 3, 2012 4:00am PDT
measures will actually happen. there was some shine to auto sales in september. the big three u.s. automakers - ford, chrysler and gm - reported mixed but mostly upbeat sales in september on tuesday. chrysler was on top with a 12% uptick in september sales. sales came from new models, low interest rates and the improving u.s. economy. the car manufacturer reported sales of 142,000 vehicles, led by the dodge avenger midsize sedan. gm had a 1.5% increase, but truck sales fell 7.6%. ford sales slipped .1%. toyota sales in the u.s. rose over 40%. there's more trouble in the air for american airlines. tuesday, a boeing 777 flying from chicago to london made two emergency landings, one in canada because of a medical emergency and other in ireland because a fan was giving off a smokey odor in the cabin. that's just the latest issue at the airline. american officials acknowledge that 8 of its boeing 757's are under inspection for loose seats. seats came loose on 3 flights in the past few days. the airline says the seat problem has nothing to do with unhappy employees. mark zuckerberg is a
PBS
Oct 3, 2012 4:00pm PDT
against president obama for blocking its purchase of wind farms here in the u.s.. the president said there was security concerns. they are close to a naval facility, and an area of restricted airspace. it is rare for foreign investment to be blocked in the u.s. this is the first time in 22 years. is this more about american politics than in national security policy? >> of the white house said that it took this decision because the company at the heart of the dispute could have taken actions which would have impaired u.s. national security. these when farms lie close to a military base in oregon. that is used as a training site for unmanned drones, which of course is highly secretive and sensitive equipment. the chinese company says that it will fight the decision by mr. obama to block the sale. they said that he acted unlawfully. here in china, the decision is being seen as a political one and not based on national security. the state-run news agency put out an editorial saying that this was an example of china- bashing. you might remember that mitt romney has criticized barack obama
CNBC
Oct 2, 2012 9:00pm EDT
's wrong with that? [ticking] >> when the u.s. oil companies came here in the '40s and '50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. they created a replica of american suburbia. today you could be in the outskirts of houston or los angeles. it's almost like it's an enclave within saudi arabia. it's--different from the rest of the country. >> yes, that's true, because-- >> very different. it kept a lot of the american ways. >> yes, of course. >> but blocked off from the rest. >> they are good ways. there's nothing wrong with it. these were their excellent ways. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we follow the flow of big oil from massive, mega billion dollar oil fields in saudi arabia to the u.s. where wall street refines the oil into a mega billion dollar commodity. we begin with a look back to 2008 when the price of oil, theoretically tied to supply and demand, suddenly became untethered. storage tanks were full, yet the price skyrocketed from $69 a barrel to nearly $150 before it
CNN
Oct 3, 2012 4:00am EDT
officials once insisted, the result of a popular protest. more damningly, this, quote, multiple u.s. federal government officials have confirmed the committee that prior to the september 11 attacks, the u.s. mission in libya made repeated requests for increased security in benghazi. the letter goes on to detail a series of attacks and incidents in libya that formed the basis for those calls for more security resources, resources that the letter alleges were denied by officials in washington. we'll have more on that angle shortly. first, arwa damon joins me. she's back from libya and joins me here in new york. very good to see you safe and sound. walk me back. you were at the site three days after the attack. you have some still photographs that have never been seen before. describe what we see. >> well, the first in these photographs is basically the exterior of the main building at the compound itself. this is the building where the ambassador resided, and the right hand portion of the building is where the so-called safe room was supposed to be. as you can see, the burning all occurred ins
FOX Business
Oct 3, 2012 4:00pm EDT
in the u.s. so we think they're perfectly positioned to use cheaper stocks of oil to produce, you know, gasoline and liquids that, puts them in a spot many, few others are in. lauren: hey, bob, you also like coca-cola. what is behind that? is that your typical emerging market play or something else you're looking at? >> well it is a combination of being defensive. you know, big company, incredible balance sheet, incredible brand. well-positioned in emerging markets. if you're looking having a stock to hold, coke pays you a nice dividend, close to 3% and we think it weathers any storm and there is growth for coke long term in the emerging markets. it is a great double play, defensive and growth. david: all right, guys, thank you very much. bob phillips. thank you. larry, we'll see you in a couple minutes with the s&p close. thanks, gentlemen. lauren: he made billions of dollars investing in industries that nobody wanted. after buying into the housing market at the worst possible time why is he now selling his real estate holdings?. david: because people are buying big-time. will lure l
ABC
Oct 3, 2012 5:00am PDT
loose seats and improperly installed clamp. u.s. auto sales up to highest level in more than four years, automakers led by toyota buyers need to replace aging vehicles and feel more confident about their jobs loans are cheaper and easier to get, we are not as confident about the economy birthrate fell for the year in a row it didn't fall as much as it has in recent years i am then the beer index shipment rising for the first time since the start of the recession sure sign that consumers particularly, young men are doing better men are doing better economically. [ female announcer ] pillsbury grands biscuits on their own are amazing, but press out some biscuit dough, add some sauce and some pepperoni and cheese and monday's dinner is now a grands mini pizza party. pillsbury grands biscuits. let the making begin. can dodge a question. honey, how'd that test go? [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. mmmm. mmm hmmm. mmmm. [ female announcer ] it's on. let's roll. ♪ we were skipping stones ♪ and letting go ♪ over the river a
CNN
Oct 2, 2012 8:00pm PDT
of the house oversight committee is charging tonight in the lead up to the u.s. ambassador's death in libya. he's calling for congress to return for a special hearing next week. it was a three-page letter and in it, darrell issa listed 13 security incidents and threats in libya in the past six months. including in june, a pro gadhafi facebook page mentioned his running habits and a picture of ambassador stevens. the posting directed a threat against stevens. issa says stevens stopped his morning runs for about a week and then resumed them. in june, an ied was successfully placed at the u.s. consulate in benghazi, blowing a hole in the security perimeter gate, big enough for 40 people to go through. and in the weeks before the september 11th attacks, unarmed libyan guards working at the consulate were warned by family members to quit their jobs, because of, quote, rumors in the community of an impending attack. those are just a few of the 13 things that darrell issa listed. and he also included this major allegation. according to issa, multiple u.s. federal government officials have confirmed to
CSPAN
Oct 3, 2012 10:00am EDT
at the upcoming agenda on the 18th national congress of china and what it means for u.s.-china relations. china will have new communist party political leaders stressed that discussion will get underway at 12:30 eastern at the woodrow wilson center in washington. we will have at live for you on c-span. a reminder of tonight's debate from the university of denver. at 9:00, jim lehrer will be moderating the debate, focusing on domestic policy. when i.t. is done, we will take your phone calls and e-mails and tweets. live coverage starts at 7:00 p.m. eastern. you can also listen on c-span radio or watch online at c- span.org. well, we apologize but we were expecting the pentagon briefing to get underway momentarily. we are having some technical difficulties with the feed from afghanistan and the remarks from a british lieutenant general adrian bradshaw. he is going to talk about the situation in afghanistan and update reporters via video conference. as soon as this gets established, we will have a live for you on c-span. a quick reminder of live coverage we have before you later today. former secre
ABC
Oct 3, 2012 4:00pm PDT
'll recall he safely landed a u.s. airways jet at the hudson river. the event has been named miracle on the hudson. >> there is teams racing now in san francisco bay and these are the live pictures. there are 11 teams take part in races and this competition runs through sunday. best viewing at marina green. it's fan taft wrik to watch boats go by. >> they go fast. >> still ahead at 4:00 millionaires putting in for unemployment benefits? and there is a popular department store comes stateside. a mirror letting you try on a variety of clothes at the same time. >> and michael finney is taking your questions won twitter and facebook ask will answer them here just a little bit later. you can contact michael on >>> following breaking news in texas right now. firefighters battling a blaze in an exxon plant there. >> and this is in bay town texas not immediately known what sparked this blaze. this is something that appears as though they're getting things under control there. have you fires and perhaps flares as well. >> san pran union square will hit a frenzy friday morning with a grand ope
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